Best in Energy – 20 October 2022

Ukraine faces blackouts after Russia targets grid

EU gas storage and government controls ($BBG)

European Commission’s energy price plans

U.S. official says price cap not aimed at OPEC

Russia’s looming tanker crisis

CCS tries to make projects profitable ($FT)

EU states withdraw from energy pact ($FT)

Plague – natural selection and your DNA

U.S. PETROLEUM INVENTORIES including the strategic reserve fell by -6 million bbl last week. Petroleum inventories have depleted in 88 of the last 120 weeks by a total of -486 million bbl since the start of July 2020:

U.S. DISTILLATE FUEL OIL inventories have fallen in 70 of the last 120 weeks by a total of -71 million bbl since July 2020. Stocks are at the lowest seasonal level since the U.S. Energy Information Administration began publishing weekly data in 1982:

Best in Energy – 3 May 2022

India plans to accelerate coal imports

EU lacks effective minerals strategy

Germany warns of recession risk ($FT)

EU sanctions threaten recession ($BBG)

NATO’s war aims become bolder ($WSJ)

Carbon capture – where is it working?

India’s heatwave in third month ($BBG)

China’s epidemic and economy (trans.)

China becomes world’s top gas importer

U.S./Iran nuclear talks hit impasse

India’s cooking oil imports at risk

Arsenal of democracy’ (Roosevelt 1940)

INDIA’s temperatures have been consistently above the long-term seasonal average in the north and west of the country since March 13, driving record demand for refrigeration and air-conditioning. In New Delhi’s Palam suburb, cooling demand has been 43% higher than normal since the start of the year:

INDIA’s daily peak electricity consumption hit a new record of 207,000 megawatts last week as the heatwave boosted demand:

INDIA’s power generators held coal stocks equivalent to just 8 days worth of consumption at the end of April, compared with 12 days at the same point in 2021 and 18 days in 2019, as record power generation has made it hard to rebuild inventories after they were severely depleted in 2021:

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